AM Best goes positive on Ark Bermuda as it highlights resilient UW performance

By David Bull

Published: Wed 27 Nov 2024

AM Best has revised the outlook from stable to positive on the A financial strength rating and 'a' long-term issuer credit rating of Group Ark Insurance Limited (GAIL), pointing to the (re)insurer’s “effective cross-cycle underwriting management” and sub-90 combined ratio over time.